Today, Bitmain surprisingly released a new Application-specific integrated circuit (ASIC) miner. Unlike most other Bitmain products, the Antminer A3 is geared towards mining cryptocurrencies with the Blake(2b) hashing algorithm instead of Litecoin (Scrypt).
Mineable coins running Blake(2b) includes Siacoin
The most notable on this list being Siacoin (SC), which planned to launch its own Siacoin-specific ASIC miner. The Obelisk SC1, as it’s being called, was to release no earlier than August 31, 2018 at a price point of $1,599.00 USD. But with an out-of-the-blue launch of a Blake(2b) ASIC miner of their own, Bitmain appears to have come out on top, while those who pre-ordered the Obelisk SC1 will be stuck waiting seven months.
It’s also worth noting that the same company that plans to manufacture the Obelisk SC1 also plans to manufacture the Obelisk DCR1, an ASIC miner for Decred.
How much does the Antminer A3 cost?
Unfortunately, the Antminer A3 comes at a higher price of $2,375.00 USD compared to the Obelisk SC1. To add insult to injury, it sold out within minutes, leaving anxious miners in waiting for the next limited opportunity to get their hands on the new lucrative units. The Antminer A3 produces a higher hash rate than the Obelisk SC1, however, and that higher hash rate coupled with the fact that it’s already available justifies its high price tag in the eyes of many eccentric miners.
Bitmain Antminer A3 profitability
Many fear that the Antminer A3 will inevitably result to another incident similar to the launch of the Antminer D3, which flooded the DASH mining scene. With such a huge demand for the incredibly lucrative D3, the difficulty for DASH mining increased exponentially, resulting a much lower than expected profitability for late-comers, causing many to lose out on their investment. According to CryptoCompare, the Antminer D3 now only returns a profit of $154.19 per year, compared to its $1,450.00 USD price tag.
Upon release, estimates say that the new Antminer A3 will return around $150,000.00 USD a year, more than what most people themselves earn annually. Previous experience with the Antminer D3, however, leads us to believe that expected annual profits will dwindle as the market is flooded with units.
Bitmain Antminer A3 specs
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